If this client (seller) had not met me, they may have gone a step further to exercise the option to purchase (OTP) contract of the property they are buying, which would lock them into a binding contract with the seller, and this cannot be reversed. Thus, without unlocking their current HDB flat fund, they will not be able to make payments for the next flat they buy.

After crafting the timeline for them, they only have a short and limited timeframe to secure a buyer for their house to proceed with the buying process.

I advised them on the steps to take note of the buying process for things to work out well. The first is to exercise the OTP on the latest date possible (21 days option period) and pre-amp the seller that they may need to use up the maximum resale application submission period. My top priority is to secure a buyer for them at the fastest possible time at the right price they desire.

After going through the house condition with them, I advise them what the necessary things they need to do to make their home more presentable and likable.

Through a broad marketing exposure on the advertisement that I have put up via multiple platforms, and coupled with my co-broker networks that I expose the for sale listing, I have managed to help my seller to secure a buyer within 8 days of marketing their HDB flat. And not only that, but I also managed to secure a much higher closing price than the recent transactions with 35k Cash Over Valuation (COV).

We signed off the option to purchase (OTP) on the 8th day of marketing, which is also one day after the 7-day cooling off period before they can grant the buyer an OTP as per the HDB’s rule stated in the Intent to Sell, which all sellers need to submit to HDB before selling their flat.